Or worse - rapidly open & close valves in rhythm, and the water hammer effect (the inertia of the petroleum in the pipeline) would cause the pipeline to destroy itself. The repair costs would be astronomical - you'd naturally have to repair the damaged sections, but then also re-test all the welds to see if any had been weakened by the pressure pulses.
Onion-layer security rather than air gaps. Communication through the firewall isn't supposed to allow control over the valves, but it does communicate both ways (TCP/IP). This is the general practice in petrochemicals, at any rate.
Think what would happen if the autopilot suddenly went berserk and did a hardover.
I haven't seen any evidence that the "OT" side of their network was compromised in a way that would cause physical damage, a la Stuxnet.